Tag: universal music

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Streams / subscriptions now 46% of UMG recorded revenues

Subscription and streaming revenues are now 46% of Universal Music Group’s recorded-music revenues, according to financial results published by its parent company Vivendi. They revealed a 14.8% year-on-year rise in UMG’s...
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Major labels ‘positive and hopeful’ about Facebook licensing

Representatives from the three major labels are hopeful that Facebook’s music-licensing ambitions will be a positive thing for the industry, rather than another ‘value gap’ battle in the making. Music Ally asked...
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Major labels Universal, Sony and Warner talk 2016 growth… and beyond

Yesterday, the IFPI announced that global recorded-music revenues grew by 5.9% to $15.7bn in 2016. The body held a press conference with representatives from all three major labels sharing their views on the growth. After...
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Recorded music revenues up 5.9% in 2016: ‘This isn’t mission accomplished…’

At the end of 2015, 68 million people were paying for a subscription to music-streaming services like Spotify, Apple Music and their rivals. A year later, that figure had grown to 97 million, according to industry body...
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Confusion surrounds status of Universal Music Prince deal

The question ‘what is going on with Prince’s digital music licensing?’ has been posed many times in recent years, both before and after his death. It seemed to have been answered when Prince’s estate struck a deal...
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Spotify UMG deal returns focus to potential IPO… and artist concerns

If you saw our story yesterday afternoon, you’ll know that Spotify has signed the first of its new licensing deals with major labels, Universal Music Group. The immediate talking point was Spotify’s confirmation that...
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Spotify seals new licensing deal with UMG and agrees to window albums

The long, hard path to a new set of licensing agreements for Spotify is nearing its conclusion. The music-streaming service has announced a multi-year, global deal with Universal Music Group. One down, two to go from the...
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MelodyVR agrees licensing deal with Universal Music

VR music startup MelodyVR has agreed its second licensing deal with a major label: Universal Music Group. The agreement follows its deal with Warner Music Group late in 2016. “The worldwide, multi-year agreement, licenses...
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Streaming overtakes physical sales for Universal Music

This is not a surprising milestone, but a notable one nonetheless: Universal Music Group made more money from streams of its recorded-music catalogue in 2016 than it did from physical sales. According to parent company...
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UMG backs MQA and predicts ‘half a dozen’ hi-res streaming launches in 2017

Universal Music Group has signed a multi-year partnership with MQA, which will see the label group encoding its catalogue using the latter’s technology for ‘Hi-Res Audio’ streaming. It’s the second major-label...
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Universal Music wins battle to manage Prince recordings

Just ahead of the return of the Prince back catalogue to streaming services this Sunday, Universal Music has announced that it has won the battle to manage his (non-Warner) recordings. The multi-year deal struck with the...
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Will 2017 see a new wave of inventive music startups?

The problems of companies like Crowdmix, Cür Music and Guvera may have made headlines in 2016, but is there a more positive story to tell about the prospects for other music/tech startups in 2017? And just as importantly,...